Invest in gold stocks like AU, NFGC, GFI and ORLA for solid returns, with the metal continuing its bullish run amid inflation fear.
The trend of gold has continued its strong momentum from 2024, with the precious metal soaring to record highs in early 2025. In 2024, gold delivered an impressive return, surging over 30% for the year.
Earnings are soaring as gold hits record highs.
Here is how AngloGold Ashanti (AU) and International Paper (IP) have performed compared to their sector so far this year.
The consensus price target hints at a 25.8% upside potential for AngloGold Ashanti (AU). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Here is how AngloGold Ashanti (AU) and Nouveau Monde Graphite Inc. (NMG) have performed compared to their sector so far this year.
HSBC, GP, RXT, AU and ICFI have been added to the Zacks Rank #1 (Strong Buy) List on January 10, 2024.
HSBC, AU and SCHW made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 10, 2024.
Their foundational asset wasn't looking like such a precious metal on Monday.
In the most recent trading session, AngloGold Ashanti (AU) closed at $29.13, indicating a +1.53% shift from the previous trading day.
AngloGold Ashanti (AU) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Here is how AngloGold Ashanti (AU) and Centamin (CELTF) have performed compared to their sector so far this year.